Schmidt P J Investment Management Inc. Acquires 48 Shares of W.W. Grainger, Inc. $GWW

Schmidt P J Investment Management Inc. raised its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,301 shares of the industrial products company’s stock after acquiring an additional 48 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in W.W. Grainger were worth $5,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in W.W. Grainger in the first quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of W.W. Grainger during the fourth quarter worth $35,000. Cornerstone Planning Group LLC boosted its position in shares of W.W. Grainger by 34.3% during the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 12 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of W.W. Grainger during the first quarter worth $46,000. Finally, Ransom Advisory Ltd bought a new position in shares of W.W. Grainger during the first quarter worth $49,000. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Trading Down 0.1%

GWW opened at $996.56 on Wednesday. The stock has a market capitalization of $47.67 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.89 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The firm’s fifty day simple moving average is $1,010.93 and its 200 day simple moving average is $1,018.85. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the firm posted $9.76 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s payout ratio is presently 22.94%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GWW shares. Royal Bank Of Canada reduced their price target on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Loop Capital reduced their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. Finally, Morgan Stanley reduced their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,069.13.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.